With Bitcoin (BTC) surging above $37,300, Dogecoin (DOGE) capitalizes on the volatility, turning this opportunity into an upward trend.
Dogecoin (DOGE) Shows Surprising Surge
Despite minor corrections, Bitcoin (BTC) managing to hold above $37,300 continues to uplift the altcoin market. The rise of DOGE is particularly noteworthy. Although it has shown a relatively modest performance percentage-wise, the memecoin has outperformed a significant portion of altcoins, securing the fifth position on the ‘Top Gainers’ list with a 2.89% increase in the last 24 hours.
The question of whether the breakout can be sustained remains uncertain!
DOGE, which typically responds to Elon Musk’s social media posts, has been lacking support from that front for quite some time. However, with the positive momentum of BTC, the popular coin, making occasional attempts to move upward, could set its sights on even higher levels. Any potential endorsement from billionaire Musk or X could further influence DOGE.
A move could potentially take the price to $0.08373, $0.08773, and $0.09487 sequentially.
If BTC retraces to $35,000, DOGE failing to capture fundamental analysis support, or the overall industry news turning negative, will naturally shake DOGE. In such a scenario, expected relaxation levels are $0.07893, $0.07390, $0.06985, and $0.0655, respectively.
